Weekly newsletter on technology, startups, and venture capital.

Hope everyone is having a great start to the new year!

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Written by Chris McCann, General Partner @ Race Capital. More about me.

• Carta was found out to be using its cap table data in improper ways, in which they responded. However here are the larger forces at work on why Carta is taking these actions and will most likely be even more aggressive in the future.
• Thoughts on the future of dev tools. TLDR: Core tool replacements, cloud to code, AI applied to existing UX, and doing more with less.
• Another major unicorn called it quits, this time it was Invsion (competitor to figma) once valued at $1.9B in shutting down.
• A look into the future of tech for 2024. TLDR: Moving to the app era of AI, web3 regulation becomes official, and the emergence of a mainstream decentralized app. 
• A visual, but still technical look, on how transformers and GPTs work.
• A debate on how customer success should fit into the financials of a company (COGS vs OpEx), which does make a material difference to margins.

• By Company: Databricks, GoodNotes, Zeet, Polysign, Opaque, Lightning Labs, OtterTune, and more
• By Role: Engineering, Data Science, Product, Design, Operations, Finance, Legal, and more
• By Location: SF Bay Area, New York, London, and Remote
• Browse more open roles across our portfolio at Race Capital's Portfolio Job Board.

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